Funding you earn now, next payment 11:00 UTC−0.0815%/8h= −89.3% APRpaid last 24h −0.097%
Price spread now: MEXC against Kraken Futures+0.011%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.315%−$32 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.011%, 7d avg −0.049%
=The price spread pays, funding is against you. MEXC is 0.060% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.049%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.315% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.315% in total (about -16.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TAOUSD | 313.63 | 0.0939 | pay 0.0117% / 1h | 26m 44s | $6.3M | $19.6M | 50x |
| Short | MEXC TAO_USDT | 313.67 | 0.0124 | get 0.0062% / 4h | 1h 26m | $109.4M | $149.3M | 300x |
Kraken Futures PF_TAOUSD
MEXC TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$171.24
- Price spread: +0.011% → −0.049%
- $5.99
- Slippage, 4 orders
- −$22.13
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$197.37
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; MEXC: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 5 min ago | 6.04 bp | 14.7 bp −$15 | 22.6 bp −$226 | 94.2 bp −$9,424 | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.95 bp | 2.0 bp −$2 | 7.6 bp −$76 | 28.2 bp −$2,817 | 90.5 bp −$45.3K |
TAO on 43 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 314.00 | +0.117% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.65 | +0.005% | $52K | $633K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.60 | −0.011% | $26.6M | $126.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.30 | −0.107% | $15.8M | $48.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.51 | −0.040% | $17.2M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.30 | −0.107% | $35.5M | $55.7M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.37 | +0.234% | $44K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.56 | −0.024% | $69K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.32 | −0.100% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.72 | +0.027% | $111K | $556K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0103% | 8h | 313.58 | −0.017% | $884 | $1.3M | 5x | as long as short |
| Extended TAO-USD | +0.0104% | 1h | 313.39 | −0.077% | $949K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 313.61 | −0.008% | $172K | $998 | 3x | as long as short |
| Lighter TAO | +0.0120% | 1h | 313.64 | 0.000% | $1.6M | $6.7M | 5x | as long as short |
| MEXC TAO_USDTshort | +0.0124% | 4h | 313.67 | +0.011% | $109.4M | $149.3M | 300x | |
| Binance TAOUSDT | +0.0125% | 4h | 313.58 | −0.017% | $92.3M | $511.2M | 75x | as long as short |
| edgeX TAOUSDC | +0.0126% | 4h | 314.15 | +0.164% | $42K | $323K | 10x | as long as short |
| BingX TAO-USDT | +0.0130% | 4h | 313.61 | −0.008% | — | $38.1M | — | as long as short |
| Bybit TAOUSDT | +0.0140% | 4h | 313.73 | +0.030% | $68.6M | $155.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0185% | 8h | 313.75 | +0.038% | $14K | $876 | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0218% | 4h | 313.65 | +0.006% | $535K | $795K | 10x | as long as short |
| Bullet TAO-USD | +0.0235% | 1h | 313.64 | +0.001% | $12K | $16K | 20x | as long as short |
| Pacifica TAO | +0.0240% | 1h | 313.81 | +0.056% | $371K | $456K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0247% | 4h | 313.52 | −0.037% | $52K | $262K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0262% | 1h | 313.53 | −0.033% | $31K | $1.9M | 25x | as long as short |
| Phemex TAOUSDT | +0.0272% | 4h | 313.66 | +0.008% | $3.2M | $8.2M | 50x | as long as short |
| Aster TAOUSDT | +0.0280% | 4h | 313.60 | −0.011% | $1.2M | $11.3M | 50x | as long as short |
| Nado TAO-PERP | +0.0346% | 1h | 313.82 | +0.061% | $669K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0358% / S −0.0107% | 1h | 313.30 | −0.106% | $368K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0365% | 4h | 313.63 | −0.001% | $4.8M | $10.5M | 100x | as long as short |
| Variational Omni TAO | +0.0466% | 4h | 313.94 | +0.098% | $5.6M | $9.9M | — | as long as short |
| Hyperliquid TAO | +0.0480% | 1h | 313.62 | −0.005% | $94.3M | $106.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0496% | 1h | 313.71 | +0.024% | $3K | $2K | 5x | as long as short |
| dYdX TAO-USD | +0.0578% | 1h | 313.36 | −0.089% | $264K | $230K | 5x | as long as short |
| Arcus TAO-USD | +0.0610% | 1h | 314.17 | +0.171% | $100K | $311K | 5x | as long as short |
| Phoenix TAO | +0.0650% | 1h | 314.10 | +0.148% | $316K | $710K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0665% | 1h | 313.65 | +0.005% | $299K | $1.1M | 10x | as long as short |
| RISEx TAO/USDC | +0.0666% | 1h | 313.52 | −0.035% | $428K | $671K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0688% | 1h | 313.80 | +0.053% | $1.1M | $7.5M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 313.51 | −0.039% | $361 | — | 20x | as long as short |
| Bulk TAO-USD | +0.0827% | 1h | 315.24 | +0.511% | $167K | $0 | 10x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0939% | 1h | 313.63 | long leg | $6.3M | $19.6M | 50x | |
| Injective TAO/USDC PERP | +0.4405% | 1h | 318.52 | +1.558% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
Extended TAO-USD
Aevo TAO-PERP
Lighter TAO
Binance TAOUSDT
edgeX TAOUSDC
BingX TAO-USDT
Bybit TAOUSDT
Paradex TAO-USD-PERP
GRVT TAO_USDT_Perp
Bullet TAO-USD
Pacifica TAO
Orderly PERP_TAO_USDC
Deribit TAO_USDC-PERPETUAL
Phemex TAOUSDT
Aster TAOUSDT
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Variational Omni TAO
Hyperliquid TAO
01 Exchange TAOUSD
dYdX TAO-USD
Arcus TAO-USD
Phoenix TAO
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Reya TAORUSDPERP
Bulk TAO-USD
Injective TAO/USDC PERP